BNP Paribas Financial Markets Has $18.18 Million Stake in Taylor Morrison Home Corporation $TMHC

BNP Paribas Financial Markets lowered its holdings in Taylor Morrison Home Corporation (NYSE:TMHC) by 13.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 308,843 shares of the construction company’s stock after selling 50,017 shares during the quarter. BNP Paribas Financial Markets’ holdings in Taylor Morrison Home were worth $18,182,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Norges Bank acquired a new stake in Taylor Morrison Home in the 4th quarter valued at $84,994,000. Eurizon Capital SGR S.p.A. purchased a new position in Taylor Morrison Home during the 4th quarter worth $603,000. Rothschild Investment LLC boosted its holdings in Taylor Morrison Home by 82.4% during the 4th quarter. Rothschild Investment LLC now owns 1,457 shares of the construction company’s stock worth $86,000 after acquiring an additional 658 shares during the last quarter. Intech Investment Management LLC boosted its holdings in shares of Taylor Morrison Home by 1.5% in the 4th quarter. Intech Investment Management LLC now owns 47,275 shares of the construction company’s stock worth $2,783,000 after buying an additional 696 shares during the last quarter. Finally, AlphaQuest LLC boosted its holdings in shares of Taylor Morrison Home by 75.8% in the 4th quarter. AlphaQuest LLC now owns 68,085 shares of the construction company’s stock worth $4,008,000 after buying an additional 29,351 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Taylor Morrison Home Trading Down 0.0%

Shares of TMHC opened at $71.48 on Friday. The business’s 50-day moving average price is $60.39 and its 200-day moving average price is $61.54. Taylor Morrison Home Corporation has a twelve month low of $54.15 and a twelve month high of $72.50. The stock has a market cap of $6.68 billion, a PE ratio of 10.67, a P/E/G ratio of 1.65 and a beta of 1.47. The company has a quick ratio of 1.45, a current ratio of 7.66 and a debt-to-equity ratio of 0.37.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings results on Wednesday, April 22nd. The construction company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.30. Taylor Morrison Home had a return on equity of 11.48% and a net margin of 8.77%.The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the prior year, the business posted $2.07 earnings per share. The company’s revenue was down 26.8% on a year-over-year basis. On average, equities analysts forecast that Taylor Morrison Home Corporation will post 5.36 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on TMHC. Bank of America cut their price target on shares of Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Citigroup downgraded shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a report on Monday, June 1st. Wolfe Research restated an “outperform” rating and issued a $76.00 price objective on shares of Taylor Morrison Home in a research note on Thursday, April 23rd. Weiss Ratings cut Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Finally, Citizens Jmp cut Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a research note on Monday, June 1st. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $76.86.

Taylor Morrison Home Profile

Taylor Morrison Home Corporation (NYSE:TMHC) is a leading national homebuilder and developer specializing in the design, construction and sale of single-family detached and attached homes. The company’s portfolio spans entry-level, first-time, move-up and active-adult segments, offering buyers a diverse array of architectural styles, floor plans and personalized design options. Through its vertically integrated model, Taylor Morrison manages land acquisition, community development, construction and sales to deliver quality homes and customer-focused experiences across its markets.

The company’s heritage traces back to Morrison Homes, founded in 1977, and Taylor Woodrow, established in 1921 in the United Kingdom.